Chelsea Transfer Rumor Update: The Latest on Julian Alvarez, Fermin Lopez, and Lucas Paqueta

Published On: January 14, 2026
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Chelsea Transfer Rumor Update: The Latest on Julian Alvarez, Fermin Lopez, and Lucas Paqueta
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Chelsea is in the news with updates about Julian Alvarez, Fermin Lopez, and Lucas Paqueta.

As the transfer window opens in January, Chelsea’s focus is on player departures, but plans for the summer are also underway.

Liam Rosenior and the recruitment team are preparing for a significant squad change that balances immediate sales with long-term investments.

Photo by Harry Langer/DeFodi Images/DeFodi via Getty Images

Tyrique George set to leave Chelsea

Tyrique George is likely to leave Chelsea on a permanent deal this month, reports The Athletic. The 19-year-old forward nearly joined Fulham for £22 million last summer, but the deal fell through at the last minute.

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George is not included in Liam Rosenior’s current plans, and his exit would help Chelsea reduce their squad size. Roma had previously looked into signing him before shifting focus elsewhere.

Julian Alvarez and Fermin Lopez targeted for summer

For the summer, Chelsea aims to target Julian Alvarez from Atletico Madrid and Fermin Lopez from Barcelona, according to Fichajes.

Reports suggest Chelsea might spend up to €300 million this summer as part of their rebuilding efforts. Both players will remain on their shortlist as they prepare for the transfer window.

Lucas Paqueta could stay in England

Chelsea might also pursue West Ham midfielder Lucas Paqueta as part of their squad restructuring. The Brazilian is seen as a potential midfield upgrade.

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Renant Moura indicates that Paqueta is interested in returning to Flamengo, but Chelsea’s interest could affect his plans to move back to Brazil.

Kendry Paez recall under consideration

Chelsea is thinking about recalling 18-year-old midfielder Kendry Paez from Strasbourg due to limited playing time, according to The Athletic.

Paez, who joined from Independiente del Valle in a record deal, is facing challenges in senior football in France but remains a valued long-term prospect. Chelsea wants to ensure he gains more consistent playing experience before returning next season.

With several departures expected this month and significant signings planned for the summer, Chelsea is actively reshaping its squad ahead of a crucial transfer window.

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